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Chapters in Publications

Contributions to books and other publications on corporate governance, internal control and financial markets.

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Cumulative Voting and the Protection of Minority Shareholders in the CIS

Short Description:
The election of board members through cumulative voting is a mechanism that allows minority-shareholder representation on company boards in situations where “straight voting” would have made that impossible. Hailed by many as a principal guarantee for investor protection, cumulative voting was introduced in the United States during the late nineteenth century as an outgrowth of political reforms. Although popular at the ...
Submitted On:
16 Jul 2011
File Size:
701.5 KB
Downloads:
891
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Submitted On:
16 Jul 2011

Maassen and Brown on the Effectiveness of Shareholders Meetings.pdf

Short Description:
The fundamental underpinning that is supposedly the foundation of corporate democracy is the ability of shareholders to exercise these rights. In addition to ļ¬nancial compensation as residual claimants, a fundamental right of shareholders is to elect the board of directors and, when necessary, to take remedial action in the form of board dismissals and election of new directors. While there are other formalities dealt with at sharehol...
Submitted On:
16 Jul 2011
File Size:
173.3 KB
Downloads:
1371
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Submitted On:
16 Jul 2011

Maassen and Latif on Non-Listed Joint Stock Companies in Macedonia.pdf

Short Description:
This analysis provides an overview of recent corporate governance developments affecting non-listed joint stock companies in Macedonia. The report summarizes the findings of corporate governance surveys, reviews the latest legal developments in commercial legislation affecting corporate governance standards, and describes the steps that have been taken by the Macedonian government, the donor community, and the private sector to improve ...
Submitted On:
16 Jul 2011
File Size:
422.7 KB
Downloads:
1358
Submitted On:
16 Jul 2011
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